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- KALiNA Power (KPO) signs a memorandum of understanding (MOU) with global energy technology company Baker Hughes
- Baker Hughes has been selected as the preferred vendor of vapor turbines and turbo-expander generators for KALiNA’s 64-megawatt combined cycle project in Canada
- Baker Hughes will provide its vapor turbine to be used with KALiNA’s namesake technology which sustainably generates power from waste heat
- The company says working with Baker Hughes offers a “tremendous platform” to deploy the Kalina Cycle technology at an industrial scale
- KPO shares are trading down 10 per cent at 2.3 cents at 11:39 am AEST
KALiNA Power (KPO) has signed a non-binding memorandum of understanding (MOU) with global energy technology company Baker Hughes.
The non-exclusive deal will see Baker Hughes be the preferred vendor of vapor turbines and turbo-expander generators for KALiNA’s Saddle Hills and Klamath Hills projects in Canada.
Baker Hughes will initially provide its vapor turbine to be used with the Kalina Cycle technology (KCT) at KALiNA’s 64-megawatt combined cycle project in Alberta, Canada.
The site will support two 32-megawatt combined cycle power plants, each configured with a 22-megawatt natural gas turbine and a KALiNA Cycle module that will generate 10 megawatts of zero emissions power from waste heat.
KALiNA’s KCT technology is a zero emissions technology that can reportedly generate 10 to 50 per cent more power than conventional steam power generation technologies.
The company considers the agreement to be a ‘significant development’ in its goal to deploy applications of its high-efficiency KCT at an industrial scale for international markets.
KALiNA selected Baker Hughes after assessing that its vapor turbines and turbo-expander generators are scalable and able to be used with the KCT for small-scale, combined cycle projects, as well as for a range of applications.
According to KPO, Baker Hughes’ technologies offer ‘best-in-class’ efficiency in power generation applications that can contribute to reducing carbon emissions and build on decades of experience across a range of energy and industrial applications.
“The broad scope of this MOU illustrates the international market potential and working with Baker Hughes provides a tremendous platform to deploy the Kalina Cycle technology at an industrial scale,” KALiNA Managing Director Ross MacLachlan said.
“While integrating the Baker Hughes vapor turbine at our Saddle Hills project is a logical starting point for both parties, we are also assessing small-scale combined cycle opportunities across the globe.”
KPO shares were down 10 per cent to trade at 2.3 cents at 11:39 am AEST.
